Agenda item

Economic Recovery Fund Update

Report of the Executive Director, City Futures



Sarah Lowijones, Economic Policy Officer, gave a presentation which updated the Committee on the work carried out so far on the Economic Recovery Fund.  The presentation gave an overview if the ERF and a summary of activity which had taken place over the summer.  It also gave information on how the next phase would be developed.



Members complimented officers on the work done to implement the first phase of the ERF and the projects that had benefitted.  The Economic Policy Officer thanked Members and explained that the quick implementation of the first round had been a learning curve and that the Council was looking to implement the second round in the new calendar year to allow due diligence on bids received.  It was hoped to speed up the process of getting grants distributed this year.



In the longer term, it was hoped to hand over administration of the project to the LAC’s.  The fund was about economic recovery, so needed to be focussed where the economic activity was.





That Committee note the presentation.


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